FarmPride has announced updates to its corporate governance and ESG policies, emphasizing a commitment to diversity, ethical standards, and risk management. The company has disclosed its diversity policy, which aims to achieve a 50%:50% gender split in the workforce, senior executive positions, and the board. The current workforce gender ratio is 42% female to 58% male, with senior executives at 28% female to 72% male. There are currently no female members on the board.
Material actions and disclosures
The company has also established measurable objectives for achieving gender diversity and regularly evaluates its progress towards these goals. FarmPride’s Ethical Standards Policy covers various aspects including conflicts of interest, confidentiality, and adherence to OH&S regulations. The company maintains a whistleblower policy and an anti-bribery and corruption policy, both of which are available on its website.
Regarding risk management, FarmPride reviews its risk management framework annually and manages significant environmental risks such as drought and disease management through proactive measures like forward purchasing grains and engaging industry experts.
Forward commitments
FarmPride aims to continue fostering a culture of diversity and ethical conduct, and will periodically review its policies to ensure they remain effective. The company also plans to maintain robust risk management practices to address emerging environmental and social risks.
These updates reflect FarmPride’s ongoing commitment to corporate governance and ESG principles, as outlined in its Corporate Governance Statement.